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Urals oil price down 2.4% y/y in 2013

January 09, 2014, 17:05 UTC+3 9
1 pages in this article

MOSCOW, January 9. /ITAR-TASS/. Average price of Urals, the oil brand for pricing Russian export oil mixture, fell 2.4% to $107.88 a barrel year-on-year in 2013, the Finance Ministry’s expert Alexander Sakovich told Itar-Tass.

The Ministry of Economic Development’s estimate for 2013 oil price was $107.5 a barrel.

In December 2013, Urals stood at $109.88 a barrel, plus 1.4% year-on-year.

In 2012, the average Urals price was $110.52 per barrel. The ministry’s forecast for 2014 is $101 per barrel.

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